Moreover, such failures dissuade others from even considering lean in their own companies. If you are one of them, we have good news. With the right preparation, you can avoid the most common mistakes and stack the deck in your favour.
To begin, work with your leadership team or closest advisers to ask five critical questions:
1. Is lean right for us, right now?
While lean can certainly help a company, it is not right for every business, every time. For instance, if your business is losing ground due to outdated or second-rate products, start with improving your product line first. Or if market demand is declining—as it may be now, for example, amidst the current COVID-19 pandemic—think about a diversification or marketing initiative instead.
This story is from the March 2021 edition of Indian Management.
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This story is from the March 2021 edition of Indian Management.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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